Nicaragua: Trade openness

* indicates monthly or quarterly data series
 Nicaragua

Trade openness: exports plus imports as percent of GDP

 Latest value 115.18
 Year 2022
 Measure percent
 Data availability 1988 - 2022
 Average 81.21
 Min - Max 39.08 - 115.18
 Source The World Bank
For that indicator, we provide data for Nicaragua from 1988 to 2022. The average value for Nicaragua during that period was 81.21 percent with a minimum of 39.08 percent in 1994 and a maximum of 115.18 percent in 2012. The latest value from 2022 is 115.18 percent. For comparison, the world average in 2022 based on 148 countries is 100.81 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Nicaragua - Trade openness - Recent values chart

Historical chart
Nicaragua - Trade openness - historical chart - 1988-2022




Definition: Exports plus imports as percent of GDP.


 Related indicators Latest value Reference Measure
 Terms of trade 101.17 2021 percent
 Trade openness 115.18 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 49.78 2022 percent
 Exports, billion dollars 7.80 2022 billion U.S. dollars
 Growth of exports 8.56 2022 percent
 Imports, percent of GDP 65.40 2022 percent
 Imports, billion dollars 10.25 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 8.26 2022 percent
 Foreign Direct Investment, billion dollars 1.29 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2022 million dollars (current)
 Current account, percent of GDP -1.38 2022 percent
 Current account, in dollars -0.22 2022 billion U.S. dollars
 Trade balance, percent of GDP -15.62 2022 percent
 Trade balance, in dollars -2.34 2022 billion U.S. dollars
 Reserves 4.40 2022 billion U.S. dollars
 Remittances, percent of GDP 20.59 2022 percent
 Remittances 3,227.20 2022 million U.S. dollars
 Net errors and omissions -926.37 2022 million USD
 External debt 102.23 2022 percent
 Short-term external debt 7.69 2022 percent
 Short-term debt to reserves 25.96 2022 percent
 Foreign exchange reserves 5.16 9/2023 billion
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